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aLitecoin (LTC) has surpassed Shiba Inu (SHIB) in terms of global market capitalization.LTC is currently in 14th place with SHIB just $60 million off its throne. The LTC team even tweeted a meme to celebrate the occasion.According to data from CoinMarketCap, Litecoin (LTC) has now surpassed Shiba Inu (SHIB) in terms of global market capitalization. LTC is currently ranked 14th according to the data. The current highest price of LTC is 4.66 $.SHIB approach to the main market with a difference of $ 60 million. Its market value is currently at $4.60 billion. SHIB is trading at $0.000008393, with a loss and gain of 2.2% in the last 24 hours. However, LTC traded up 2.9% in the last 24 hours and was valued at $64.90 at reporting time. Litecoin surpassed SHIB in terms of market capitalization on November 22, 2022. The official LTC Twitter account even tweeted to highlight the milestone with a popular meme. SHIB performance in terms of pricing is one of the main reasons for the rise in LTC. LTC is also considered as the second most active cryptocurrency. Messari did the research. They chose cryptocurrencies based on their estimated trading value over the past 24 hours.Litecoin also saw a 42% increase in market capitalization in the last 24 hours. It currently stands at $531,892,461. Although SHIB is not doing well in terms of price, its market value has increased by 48.8% in the last 24 hours. It is currently at $206,828,071. All cryptocurrency markets have been in an extended bear market. Every time the market tries to come back, another event pushes it back. Most of the best coins are 70-90% below their all-time highs.

BNB is the most popular crypto on Binance crypto exchange, followed by Bitcoin.The popular token, HOOK, ranked fourth in the "Crypto Trending on Binance" list. HOOK has a market capitalization of 214 on CryptoRank but has an overall increase of 5.1% in its market price. The leading crypto exchange, Binance flagship, BNB is the most popular cryptocurrency on Binance search platform, while the most popular crypto in the market, Bitcoin is in second place on the list. A recent data from Crypto Differ has revealed a list of the top 15 coins by search terms on Binance. But what is even more surprising is the "little known" brand, HOOK, which is in fourth place with a 5.1% increase in its market value. Note that HOOK has a market capitalization rank of 214 on CryptoRank. HOOK popularity is highest on the Binance exchange as only 8% of its volume comes from other exchanges while the rest comes from Binance. As for BNB, the coin receives only 31% of Binance volume while the remaining 69% comes from other crypto exchanges. The local token has seen a decrease of 5.1% in the last 24 hours. The third and fourth positions on the list are Ethereum (ETH) and Dogecoin (DOGE), respectively. Also, another crypto that does not like to make the list is a crypto wallet, SafePal brand, SFP, which has a market capitalization of 166. On Binance, SFP ranked 12th with 1.8 % of the highest price change over 24 hours. A significant decrease in BNB, however, may cause fear among crypto investors. After the collapse of FTX, panic started to circulate around Binance as it suddenly announced to stop withdrawing $USDC. However, President Changpeng Zhao later clarified that it was not the water crisis but banking issues that caused the withdrawal. Dismissing the comparison to FTX, Zhao also said that Binance has strong liquidity and no problems.

Bitcoin is far from its price of $21,000 in November 2022.Currently, BTC is moving at $16,715. VC Tim Draper predicted that BTC will hit $250,000 in 2023, which analysts say is impossible.Although Bitcoin (BTC) and other major coins have fallen due to the fall of FTX in November, some price forecasts are optimistic that BTC will hit $250,000 in 2023. Tim Draper, the founder of Draper Venture Network, recently predicted that BTC will hit $250,000 next year, despite the failure of FTX. However, this prediction is impossible in the eyes of other analysts, since BTC is not even above $60,000. As of this writing, BTC has traded at $16,715, down 0.28% in the last 24 hours. BTC Day 1 trading indicator shows that the coin is sitting below the shortest support zone at $16,880. If BTC breaks this support zone in the intraday trade, it may go back to its previous resistance of $17,100 in the following days. Apparently, after a volatile price change since late November, BTC reached $18,388 on December 14 due to the FOMC meeting. Also, the 20-day EMA shows that the candle is close to the EMA line, but the possibility of the price reaching that line is less in intraday trading. From another point of view, BTC is retracing the same pattern from September 13 to November 5. In this regard, there will be a slight push in the coming days. Significantly, upcoming economic events such as the IFO Business Climate Index and the CBI Industry Trends will also contribute to the price trends of BTC and other coins.

Technical indicators suggest that the price of ADA will decrease further by the end of 2022. The ADA efforts to challenge the unethical process were recently withdrawn. Traders may exit their positions after the Christmas rally. The current technical situation in the Cardano chart shows that the bottom line of the project, ADA, will end the last 2 weeks of 2022 with a huge loss. Many of the factors that have caused prices to line up over the past week have not had the expected impact on the price of altcoins. This can cause customers to leave their positions for the last Christmas session. Following the euphoria of lower US prices on Tuesday, the ADA price was strongly rejected when it attempted to test the red descending trend on its chart. The decline led to a fall in prices that continued last Friday. Therefore ADA cannot withstand the current market turmoil. Also, the fact that it is off the landing line again means that hope for a break is fading. Retailers may be looking to get out of their stockpiles after Christmas, which will lead to sales next week. This selloff will bring ADA value down to $0.194. ADA is trading at $0.2639 at reporting time after the price fell 1.49% in the last 24 hours according to crypto market monitoring website, CoinMarketCap. The altcoin also decreased against Bitcoin (BTC) and Ethereum (ETH) by 1.36% and 0.93% respectively. The daily RSI on the ADA chart suggests that the ADA price will break below the current 3-day support. This bearish news is also supported by the fact that the 9 day EMA is trading below the 20 day EMA mark.

Major cryptocurrency Bitcoin was on a big rally on Wednesday, hitting its highest level in a month on the back of a sharp slowdown in US inflation data. Generally speaking, the crypto market is currently running with the focus on the FOMC policy meeting. Bitcoin, which dominates the crypto market, approached the $18,000 mark as the weekly performance continued. Additionally, with a rosier-than-expected inflation print, Bitcoin snapped its seven-day losing streak. Other peers such as Ether, Binance, XRP, and Dogecoin have also been on the rise in the past 24 hours. According to data from CoinMarketCap, at the time of writing, the value of the crypto market is around $ 870.29 billion, up 2.58% from the last day. In addition, the market volume increased by 56.82% in the last 24 hours to $52.72 billion. Bitcoin, which has around 39.27% market share, is trading above $17,780 and is up more than 3.5% in the last 24 hours. The crypto market capitalization is about $341.5 billion. Its weekly performance made it higher than 4%. Binance is the most popular cryptocurrency on Wednesday. The current intraday Bitcoin price is $17,930.09. Shivam Thakral, CEO of BuyUcoin, India second oldest crypto exchange, said, "Bitcoin peaked in a month before the important meeting of the Fed. Central banks from the United States, Japan, the EU and the UK will leave their mouths the current population, which will have a significant impact on the movement of the price of digital assets in the short and short term. Bitcoin dominance has crossed the 41% mark, indicating a reduction in risk by a large number of investors. Other peers such as Ethereum jumped almost 4%, while BNB and XRP jumped more than 2% each, and Dogecoin is now up 1.75% in the last 24 hours. On Tuesday, US inflation fell to the lowest level of the year at 7.1% in November, more than the estimate of 7.3%. This month rate is the lowest since December last year. It would also be the fifth consecutive monthly drop in inflation. According to Arcane Research, a weaker-than-expected CPI release on Tuesday pushed BTC higher to $18,000 after seven days of volatile trading. Apart from the CPI, the market was quiet. The company lost momentum after a short period of time, and in turn, volumes and output declined. A dovish stance is now expected from the US Federal Reserve in its December forecast. Most expect a 50bp rate hike rather than the 75bp fourth rate hike forecast. To deal with high interest rates for decades, the FOMC tightened its monetary policy by increasing the key rate by 75 basis points for three consecutive policies. In their market research report dated December 13, Bendik Schei Head of Research and Vetle Lunde Senior Analyst at Arcane Research said, "Although Bitcoin has stabilized around $17,000 without material action in the past few weeks, this week can change because many are important. economic events."

Bitcoin, Ether Rise in Mixed Trading; US stocks rise ahead of inflation data Bitcoin and Ether rose on Tuesday morning in trading in Asia, with 10 other major cryptocurrencies seeing mixed performance. BNB and Dogecoin lead to losses, while Polygon and XRP saw huge gains. US stocks rose overnight ahead of the release of November consumer prices on Tuesday and interest rate figures expected on Wednesday. Fast facts Bitcoin gained 0.6% to US$17,207 in the 24 hours to 8am in Hong Kong, while Ether rose 0.8% to US$1,274 according to CoinMarketCap. BNB fell 2.9% to trade at US$276.28. The bottom line of the crypto exchange Binance Global Inc. hit news and analysis of Binance assets may raise a red flag, according to a report in the Wall Street Journal on Saturday. A review of Binance by the research firm Mazars lacks information about the internal credential management and organization of the company, according to the report, citing accounting experts. Total crypto market capitalization rose 0.4% to $849.5 billion, while market volume in the 24 hours to 9:30 a.m. in Hong Kong jumped 29.8% to $35.1 billion. Top memecoin Dogecoin fell 2.8% to US$0.09, while Shiba Inu copycat lost 1.8% to change hands at US$0.000008961. Polygon rose 1.9% to US $0.91 and XRP gained 1.5% to US $0.38. US markets ended higher on Monday. The Dow Jones Industrial Average gained 1.6%, the S and P 500 Index rose 1.4% and the Nasdaq Composite Index ended the day up 1.3%. Investors are waiting for Tuesday for release of the consumer price index for November, which is a key indicator of inflation and the economy. Business economists expect November inflation to be 7.3%, which is the fifth straight monthly decline and the weakest since December 2021. The rate was 7.7% in October, down to 8.2% in September. The US Federal Reserve is expected to raise interest rates by 50 basis points at a two-day meeting of the Federal Open Market Committee that will begin on Tuesday, December 13. It raised the rate by 75 basis points in its previous four meetings. The Fed has raised interest rates since March to curb inflation, from near zero to a 15-year high of 3.75% to 4%, and indicated that rates could eventually rise 5%. The central bank wants growth within its 2% target.

Cryptocurrencies went down on Monday. The global crypto market capitalization stands at $840.2 billion, with volume close to $29.3 billion in the past 24 hours. BitcoinThe worlds largest and most popular cryptocurrency, Bitcoin, fell 1.4% to $16,906.3. Its market value stands at $325.1 billion. The business value is almost $16.3 billion. "Bitcoin is trading in a strong zone, changing hands between $ 17,300 and $ 16,800 for the last two weeks, showing a high limit. However, buyers and sellers the market is defensive at a high level. Immediate support for BTC currently sits at $16,900 and resistance at $17,000,” said Edul Patel, CEO and founder of Mudrex. EthereumThe second largest cryptocurrency, Ethereum or Ether, fell 1.9% to $1,245.5 on a market capitalization of $152.5 billion. Ethereum market cap is $3.9 billion in the last 24 hours. On Ethereum, Patel added, "Ethereum also bought similar lines strongly with BTC. ETH is trading around $1,300 and $1,225." Due to market uncertainty, the price is struggling to move beyond these levels.” Dogecoin Meme virtual currency Dogecoin fell almost 9.1% on Monday. Its market value stands at $11.6 billion. The business value is $413.4 million. Shiba InuShiba Inu fell 4.3% with a market capitalization of $4.9 billion. The trading volume was $115.9 million in the last 24 hours. Solana Solana fell 4.7% to $13 on a market capitalization of $4.8 billion. Solana market value is $149.6 million in the last 24 hours. Polygon Polygon fell 3.4% on a market capitalization of $7.7 billion. The trading volume reached almost $178.5 million in the last 24 hours.

Only a person living under a rock would think that the cryptocurrency market does not need stricter regulations. The implosion of FTX, the collapse of the "stablecoin" TerraUSD, and the recent bankruptcy of crypto lenders and investors - all causing huge losses to investors - give enough evidence that digital assets should be controlled as almost less all other financial products and services. But there is a long-term risk that the path to compliance with constitutional principles, in the United States and around the world, may be difficult. This risk is part of the varied and emotional response that crypto has evoked since its inception. Charlie Munger has called crypto tokens "part fraud and part fantasy," while many successful investors believe that tomorrow financial infrastructure will be based on crypto technology. Each camp believes that the government should act in their own way. The unique genesis of crypto assets has also posed regulatory challenges. Unlike other financial innovations, bitcoin was launched globally and directly for retail investors, claiming that it would make transactions easier for those who -Cultural authorities are no longer effective. Since financial regulations are implemented nationally and largely through intermediaries, this emerging trend of "global markets" has challenged regulators because traditional instruments are not valid. provide investment opportunities, access to products or services, or banking-style products? Security or commodity? These factors, along with our fragmented financial system, overburdened by many regulators, have reduced the application of core, customer-centered rationality. Crypto supporters have sought to take advantage of the situation by arguing that a large part of digital assets should not be considered as securities, but as assets where the financial market does not have a federal regulator. Twice, they expressed their choice not to voluntarily comply with the current regulations due to "legal uncertainty", when the real motivation is to avoid acceptance and its costs. They are right that US financial regulation is often expensive, and in some cases even so. irrationally, but there are areas where the law must be updated to take account of new technologies. But these have not been an excuse for lack of compliance, especially full and fair disclosure that makes the game competitive between consumers and consumers. The legislative proposal has attracted attention recently, but the question is whether consensus can be reached behind the FTX. Crypto critics are likely to resist any legislative action that they may see as legislation that they do not trust and want to die because of its own limitations. Many enthusiasts believe that FTX shows that the problem is based on "central institutions" that do not live up to the promise of the decentralization of crypto and will contradict any declaration of our culture , a difficult process law among others - may have been undermined by his association with the now defunct Sam Bankman-Fried, founder of FTX and advocate of reform. We, the regulators of both markets - one serving under President Obama and the other under President Trump - believe that government actions should not be based on one vision of the future or another, but on hard lessons won in the past. We also know that the search for a perfect plan carries a great risk of "Waiting for Godot". The reality is that billions of dollars a day of business are going on, while fraud and theft - in forms as old as trading and more recently as computer hacking - are still common thing. In our experience, it best to pursue things immediately in a systematic, consistent manner, both administratively and ethically. We have three tips for US regulators: Require all crypto intermediaries to implement basic customer protection. Despite the innovation and promise of blockchain technology, most crypto transactions are not recorded on chain but in traditional ledgers maintained by middlemen. But these companies say the products they sell are not required to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission, which means investor protection depends on state laws written for telegraph time that is not enough, especially when shopping. and available leverage. Although we believe that most of their trading signals are safe, we need an acceptable method that does not rely on conflict resolution problems. We believe that the SEC and the CFTC should provide the necessary regulations, including (1) the classification of client assets, (2) limits on lending, (3) restrictions on commercial enemies such as trading, (4) restrictions against fraud and deceit, including laundering (where a person trades with himself or his partners to increase the price of a stock or stock), and (5) requires governance. These values can be easily derived from the current trends in our security and production processes. These two companies will also tell trading platforms: follow these basic rules for everything you trade if you are not registered with the SEC as a securities trader or with the CFTC as an interlocutor in production products. The company will not waive their right to dispute the registration requirement, but they will establish a temporary period in which the operator will not be closed for failure to register as long as he complies with the regulations that are base. This will assure platforms and their customers that operations will continue, more efficiently, while classification and other issues are resolved. Although we believe that agencies can implement this policy using their current powers, that will not prevent Congress from repeating this process or pursuing other strategies to strengthen the law. This will improve investor protection as the legal framework (which we welcome) emerges. Order to use "stablecoin". Stablecoin usage has exploded. Daily transactions worldwide using stablecoins, which are digital assets believed to peg their value to national currencies such as the US dollar, will regularly exceed $50 billion, with many facilitating crypto transactions . Stablecoins can improve payments in cases beyond crypto. But the truth is that they lack stability, which creates the risk of a bank run. The fact that exchanges like FTX offered returns on stablecoin deposits shows the risk between providers, crypto exchanges and investors. Bank regulators should take the lead in creating regulations - a topic that each of us has written about recently - but the SEC and CFTC can help by requiring intermediaries to use only statstablecoins approved, providing another stable basis in the business market. At the very least, a regulated company that holds funds in high-quality liquid assets must provide them. Continue with strong law enforcement. Crypto advocates complain about "regulation by coercion," but coercion is needed when so many industry players will use anything said negative to avoid or delay. acceptance. The success of the SEC in "initial financial offerings" or unregistered ICOs, starting in 2017, is important because such offerings violate the law of public offerings, often preventing them from offering even basic income or risk exposure. Both companies have taken various actions against unregistered or illegal products, Ponzi schemes and other scams, and they should continue to do so. But these efforts, targeted by their nature, should be supported by the broader measures of the kind we propose. ‘DeFi’ platforms The policy we propose, which focuses on the parties involved, should not be interpreted as suggesting that we transfer freely to "DeFi" (decentralized money) platforms, which require eliminating intermediaries by providing software solutions, such as exchange or property lending programs. . , and public blockchains, on the contrary. Although their methods may be different, many of the same risks remain: fraud, hacking, the inability to work and the ability to modify the legal system. And most DeFi platforms, contrary to what they say, have managers and beneficiaries. It may take some creativity to implement the regulatory requirements for DeFi platforms, but we expect regulators to do the work. There is no doubt that middlemen will help them in this effort because they will have new incentives to ensure that their DeFi competitors provide equal protection. For many years, we have shared the same views on crypto laws. Whatever the promise of this new technology, crypto should be subject to strict regulation. The fear that the United States will act in one way or another should not deter us either. We each had a plan - the SEC to crack down on ICOs and the CFTC to regulate swaps - while critics of the industry said that the US would have nothing to do with innovations that would move overseas. This does not happen; Instead, other countries followed our lead or wanted to. Those who invest - and risk - their hard-earned money in our financial markets should know that the rules of the game are fair and stable and that those who do bad things will be removed. We hope that Congress and our successors will be guided by common sense and provide these plans in the spirit of progress.